Australia's "responsible" federal budget unlikely to lose government voters

On a more structural level, the banks should also, quite rightly, be looking to pass on the tax. For breaching any misconduct rules, small banks will face fines starting at $50m while large banks will face fines of $200m or more. "If a single indiv... More..

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by | Friday, May 12, 2017

Snap Shares Plunge 22% After Disappointing Q1 Results

It is Snapchat which has popularised animated AR selfie masks and facial filters. Twitter shares cratered 24 percent the next day, while Facebook's tumbled 11 percent, still the biggest-ever one-day losses for ...More..

by | Friday, May 12, 2017

Goldman Sachs Group Inc Reaffirms Neutral Rating for Aviva plc (AV)

Therefore 84% are positive. Ocera Therapeutics had 5 analyst reports since November 6, 2015 according to SRatingsIntel. The rating was upgraded by Zacks to "Sell" on Wednesday, August 26. Shell Asset has 0.1% i...More..

Emirates airline profits down 83 percent in past year
by | Friday, May 12, 2017

Emirates airline profits down 83 percent in past year

Emirates , the Middle East's largest airline, reported a decline in annual profit today for the first time in five years. "We also served over 60 million meals to our customers at 63 airports around the world"....More..

by | Friday, May 12, 2017

Trump changes his Twitter banner twice in one day after being mocked

We did what we were supposed to do. Yates , a Barack Obama appointee sacked by Trump early in his presidency, took the stand alongside Clapper during the hotly-anticipated three-hour hearing of the Senate ...More..

by | Friday, May 12, 2017

Election day ahead: Jeremy Corbyn hoping to put manifesto woe behind him

BBC political editor Laura Kuenssberg attended to the cameraman on the street. Channel 4 journalist Matt Spencer tweeted a video of the cameraman receiving treatment, writing: "Jeremy Corbyn was in the auto a...More..

by | Friday, May 12, 2017

Banks must decide how to pay for additional tax, potentially hitting customers

He wouldn't say if NAB absorb the levy due to come into effect in 2017/18, saying only that it must be "borne by people". 'If you keep that tax rate at that level for the next 10 years people won't have jobs,...More..

by | Friday, May 12, 2017

Only 21 Percent of American Voters Approve of American Health Care Act

A Kaiser analysis found that 27 percent of all Americans under the age of 65 have pre-existing medical conditions. That's why they added $8 billion at the last minute to subsidize premiums for anyone who mi...More..

by | Friday, May 12, 2017

Crude Oil Drops As EIA Sees Increased Production

Gasoline and distillate stocks also fell, supporting a market that has sold off in recent weeks due to persistently high USA inventories. Oil was steady before government data forecast to show us crude stoc...More..

Vitol executive says oil market not seeing expected destocking
by | Friday, May 12, 2017

Vitol executive says oil market not seeing expected destocking

He added that the market had continued to confound expectations since the Organization of the Petroleum Exporting Countries and other producers agreed previous year to cut output, as OPEC was no longer a lone...More..

House Speaker Paul Ryan heads to Ohio to push tax reform
by | Friday, May 12, 2017

House Speaker Paul Ryan heads to Ohio to push tax reform

Protestors chanted things like "Paul Ryan must go", "Shame, shame, shame" and "Public schools yes, charter schools no". But the speaker's ability to ultimately seal the deal depends on how President Donald Trum...More..

by | Friday, May 12, 2017

Snap Posts Big 1Q Loss, Higher Revenue, Misses Expectations

Spiegel and other executives offered few details on other parts of Snap's business, though Spiegel said that the firm's Snapchat Spectacles - the company's sunglasses with an embedded camera - generated aro...More..

Shooter calls ex-girlfriend as he unleashes terror at pool
by | Friday, May 12, 2017

Shooter calls ex-girlfriend as he unleashes terror at pool

Another reads, "RIP to my cousin Monique Clark who was the victim of the senseless act of violence at a San Diego pool party yesterday". He added: "Such a lovely spirit with an infectious smile". According to...More..

Sergio Ramos warns Gonzalo Higuain 'sparks will fly' in Champions League final
by | Friday, May 12, 2017

Sergio Ramos warns Gonzalo Higuain 'sparks will fly' in Champions League final

Still supremely fit in his 30s, he does not tire even in the big games and he proved as much by scoring the winning penalty after 120 gruelling minutes in last year's final. "They kept hope, showing we weren't ...More..

5 things to know about French president-elect Emmanuel Macron
by | Friday, May 12, 2017

5 things to know about French president-elect Emmanuel Macron

Despite not winning the French presidency with their candidate Marine Le Pen, the Front National may still make huge gains in the French national assembly where they now have only two deputies. "President Trump...More..

Oil prices edge up in anticipation of extended crude output cut
by | Friday, May 12, 2017

Oil prices edge up in anticipation of extended crude output cut

The crude drop came even as refinery runs surprisingly fell to 91.5% of capacity but was offset by an increase in USA oil exports. Oil has given up all its gains since the Organization of Petroleum Exporting ...More..

by | Friday, May 12, 2017

Numis Securities Gives Renishaw Price Target With Potential 5.44% Upside

JMP Securities downgraded Ocera Therapeutics Inc (NASDAQ:OCRX) on Tuesday, January 31 to "Mkt Perform" rating. SunTrust initiated the stock with "Buy" rating in Wednesday, October 5 report. After $0.87 actual E...More..

by | Friday, May 12, 2017

Legal & General Group Plc (LGEN) Coverage Initiated at Credit Suisse Group AG

In an analyst rating update on Thursday shares of Compass Group (LON:CPG) had their rating reiterated by analysts at Deutsche. They now have a GBX 275.00 price target on the stock. Zacks upgraded it to "Hold" r...More..

Brian Molefe to return as Eskom CEO
by | Friday, May 12, 2017

Brian Molefe to return as Eskom CEO

The parastatal's board chose to rescind its decision to give him a R30 million pension payout. He added that with Brown's consent, the utility had reinstated Molefe's contract of employment, which ends in Septe...More..

by | Friday, May 12, 2017

Snap, Inc.'s Daily Active User Growth Fails to Impress

Its daily active users (DAU) increased 36% from 122 million t0 166 million year-over-year. Twitter , meanwhile, beat expectations handily in its first earnings report, with revenue of $242.7 million and earn...More..

Apple CEO Cook Discloses $1 Billion Advanced Manufacturing Fund
by | Friday, May 12, 2017

Apple CEO Cook Discloses $1 Billion Advanced Manufacturing Fund

Apple CEO Tim Cook made the announcement in an interview with CNBC's Jim Cramer. Cook also said Apple plans to fund programs that could include teaching people how to write computer code to create apps. Wa...More..

by | Friday, May 12, 2017

Snapchat now has 166 mln users, 34 mln fewer than Instagram Stories

Snap reported a loss of $2.21bn for the first quarter, mainly due to stock-based compensation linked to the $24bn float in March. In an interview with CNBC, Snap's chief strategist Imran Khan said, "We made ...More..

Snapchat's disappointing growth leads to shares slump
by | Friday, May 12, 2017

Snapchat's disappointing growth leads to shares slump

The company said it brought in $149.6 million, a 300 percent increase from a year ago, but well short of Wall Street's $ 158 million estimates . In its first report since floating on the stock exchange, Snap ...More..

United CEO Oscar Munoz Testifies in Congress Over Passenger-Dragging Controversy
by | Friday, May 12, 2017

United CEO Oscar Munoz Testifies in Congress Over Passenger-Dragging Controversy

Video of the incident sparked withering criticism and mockery of United online and in the media. The United Airlines boss was called before a hearing of the House Transportation committee Tuesday over the vio...More..

by | Friday, May 12, 2017

English is losing importance in Europe — EU's Juncker

The early results, which started trickling out from 6.00am (0500 GMT), showed the ruling Conservatives had made strong gains, dealing a blow to the main opposition Labour Party and all but wiping out the anti-E...More..